For more information, contact:
Eric Skrum, Wisconsin Bankers Association
608-441-1216 | [email protected]
“Lending continues to grow in virtually every category as businesses and families leverage the opportunities offered by bank services. Year-over-year comparisons of FDIC first quarter numbers show the largest growth occurred with commercial lending (10.6%). Residential loans indicated only a small uptick of .8% since last year.
Agricultural bankers continue to proactively reach out and work with their customers during these challenging times. Farmland loans increased 5.2% while farm loans grew 3%. Bankers value the farms, agribusiness, and hardworking people that make up the communities they serve. It’s important for the ag community to have Wisconsin banks to help them through these tough times.
Consumer finances continue to show improvement as highlighted by a 2.3% decrease in noncurrent loans and leases. Another positive consumer indicator is the 4.7% growth in deposits.
Contributing to the overall growth are increased individual wages and company profits which are allowing borrowers to invest more and Wisconsin banks are responding. Generally speaking, businesses seem more positively inclined which helps sustain this positive trend.
Wisconsin banks continue their important role as key drivers of our state’s economy by helping businesses grow and families prosper. They are providing financial capital by lending, providing attractive deposit rates, and utilizing technology to provide clients with 24/7 access to their funds.
FDIC Reported WI Numbers*
3/31/2019 3/31/2018 Change
Net loans and leases 84,238,549 80,829,103 4.2%
Total deposits 91,981,152 87,892,784 4.7%
Commercial and industrial loans 14,939,184 13,505,087 10.6%
Residential loans 23,658,848 23,480,016 0.8%
Farmland loans 3,592,063 3,414,447 5.2%
Farm loans 4,105,051 3,984,832 3.0%
Total assets 116,588,685 113,130,159 3.1%
Noncurrent loans and leases 664,421 680,291 -2.3%
* dollar figures in thousands